Lahontan Gold (TSXV: LG) Gains 8.82% to $0.185 and Already Up 85% Since Release of NIA Report
This morning, NIA said, "Lahontan Gold (TSXV: LG) is the Nevada gold explorer with most upside potential."
Last night, NIA said, "Lahontan's CEO told us she believes her assets are better than both Augusta Gold and Borealis Mining (TSXV: BOGO) and in some ways we agree."
On Sunday, NIA said, "NIA likes Nevada oxide gold resources the best and in mid-2023 we made Augusta Gold and Gold Bull Resources our top two ranked picks, and both have since been acquired at huge premiums. We still like Nevada oxide gold projects like Lahontan Gold (TSXV: LG), North Peak Resources (TSXV: NPR), Viva Gold (TSXV: VAU) and Borealis Mining (TSXV: BOGO) the best."
On Friday afternoon, NIA said, "Lahontan Gold (TSXV: LG) on paper is the most undervalued gold explorer with the best numbers: high grade oxide gold, low strip ratio, little/no royalties, etc."
Lahontan Gold (TSXV: LG) gained by 8.82% today to a new 28-month high of $0.185 per share!
LG has so far gained by 85% since NIA published its Lahontan Gold (TSXV: LG) report two months ago at $0.10 per share, but LG's market cap is still only US$19.48 per oz of gold resources at its flagship Santa Fe Gold Project! This is equal to only 0.484% of gold's current spot price of $4,024 per oz!
Over the last 25 years, North American gold explorers/developers have traded at a median enterprise value per oz of gold resources of 2.77% of the gold spot price!
A return to the long-term median would value LG's gold resources at US$111.46 per oz, which is 5.72x above LG's current valuation!
Click here to read NIA's Lahontan Gold (TSXV: LG) report!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 200,000 shares of LG in the open market and intends to buy more shares. NIA has received compensation from LG of US$30,000 cash for a three-month marketing contract. NIA’s President has purchased 100,000 shares of VAU and may buy more shares or sell his shares at any time. NIA’s President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. NIA has received compensation from NPR of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA previously received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract which has expired but NIA could receive additional compensation for additional contracts in the future. This message is meant for informational and educational purposes only and does not provide investment advice.
